Stock market holiday today: Why are BSE Sensex, Nifty50 closed for trading on November 20, 2024?
Stock market holiday today: Trading activities at both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are closed today due to the Maharashtra Assembly Election 2024. All market segments, including equity, derivative, and SLB, will not operate during this period. The holiday applies across all capital markets, futures, and options divisions.
The BSE calendar indicates 16 trading holidays for 2024, with 14 already observed. The most recent closure was on November 15, Friday, observing Guru Nanak Jayanti.
The next scheduled market closure is on December 25, Wednesday, for Christmas celebrations.
To check Stock Market Holidays on NSE:
1. Visit the NSE website
2. Hover on the ‘Resources’ tab on the homepage
3. Click on the ‘Holidays’ option under the ‘Exchange communication’ section
On Tuesday, Indian market indices showed initial gains but later reversed course. The Nifty50 concluded with a red-bodied candle featuring a long upper wick in the daily chart.
The BSE Sensex finished up, rising 0.31% or 239 points to 77,578.38, whilst the Nifty 50 advanced by 64.70 points or 0.28% to 23,518.50.
The Nifty has declined approximately 10% from its September 27 peak of 26,277, entering correction territory. A 20% decline from the peak would indicate a bear market in Dalal Street.
Over the past three trading sessions, whilst Nifty attempted to recover above its 200-DEMA during Tuesday’s session, it was unsuccessful.
Foreign portfolio investors (FPIs) continue their negative outlook on Indian markets in November, following October’s substantial exits, with withdrawals reaching Rs 22,420 crores in November’s first half.
